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welcome its president and ceo, steve joyce. there aren't many hotels being built in america at this moment. that's one reason why people think they'll be able to raise prices next year. what you're doing is very unusual, why? >> we have got a new brand, choice is for the first time breaking into the upscale space, there are a number of deals we were working. we agreed to co-invest with them, we got the deals done and we're here breaking in the first 24 hours, breaking ground in arguably the city with the most hotels. >> you have had to step in and help finance and own the hotels for once in order to get movement there. why was it the priority on that? >> well, one because of financial condition and the financial circumstances for raising money for hotels has been tough for several years. two, we're trying to launch this brand. three we're working with partners and most of our position is a sliver equity or a sliver debt position. they're going to take us out of it and we'll recycle that into great hotels. it's a great opportuni
welcome its president and ceo, steve joyce. there aren't many hotels being built in america at this moment. that's one reason why people think they'll be able to raise prices next year. what you're doing is very unusual, why? >> we have got a new brand, choice is for the first time breaking into the upscale space, there are a number of deals we were working. we agreed to co-invest with them, we got the deals done and we're here breaking in the first 24 hours, breaking ground in arguably...
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double dare you. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. ♪ ♪ >> bob: the most wonderful time of the year in more ways than one. last night was one of the great days that happens in america every year. the annual victoria secret fashion show. roll the tape. ♪ ♪ ♪ ♪ ♪ ♪ >> bob: okay. now among other things they had, they showed a $2.5 million bra. the diamond studded one. you ever want to wear one of those? >> kimberly: i got one of those. came with a
double dare you. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ ♪ [ male...
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conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome....
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. >> steve: bob massi, thank you very much. >> thank you, steve. >> steve: all right. if you have questions, log on to our web site. they voted to support president obama. now they say the president owes us here in detroit. >> he went to washington, d.c., he came back home with some bacon. that's what you do. that's what you do. >> steve: should the president really consider giving money as a thank you for the votes in the detroit area? we're going to talk about that. and take a look at these guys, they got high, went for a drive. so what's the plan to keep roads safe now that marijuana is legal in a couple of states? don't ask the government. they haven't figured it o yet. so for now, is your road safety at risk begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. yep. the longer you stay with us, the more you save. and when you switch fro
. >> steve: bob massi, thank you very much. >> thank you, steve. >> steve: all right. if you have questions, log on to our web site. they voted to support president obama. now they say the president owes us here in detroit. >> he went to washington, d.c., he came back home with some bacon. that's what you do. that's what you do. >> steve: should the president really consider giving money as a thank you for the votes in the detroit area? we're going to talk about...
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apple tv living in the legacy of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watchin
apple tv living in the legacy of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what...
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. >> eric: thank you, steve. get out of here. get the studio back. >> fine. >> throw another log on. ♪ ♪ >> andrea: was up with of the wise men dr. manny with the beard? looks just like him! >> you are okay with the baby? you said you played baby jesus in the manger. >> bob: yeah. >> eric: broke the manger. >> greg: can i point something out, i was on the first fox and friends christmas special and they edited me out. because i was horrible. i will never do holiday specials because i hate them. anyway -- >> dana: you were good at the one we tried to do the other day. >> greg: thank you. this is my bus. my bus. which means the bus tour is back on december 15. through december 17. saturday and monday i'll be in texas, oklahoma, louisiana. if you want to find out more about it go to ggri ggetfeld.co. i'll be at the bookstores signing books. >> eric: "new york times" best seller list, people. don't forget. >> dana: big news today. jim demint of south carolina made a big announcement. he recently won in 2011. and he will be leavin
. >> eric: thank you, steve. get out of here. get the studio back. >> fine. >> throw another log on. ♪ ♪ >> andrea: was up with of the wise men dr. manny with the beard? looks just like him! >> you are okay with the baby? you said you played baby jesus in the manger. >> bob: yeah. >> eric: broke the manger. >> greg: can i point something out, i was on the first fox and friends christmas special and they edited me out. because i was horrible. i...
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thank you so much, steve liesman. we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indication that we ma
thank you so much, steve liesman. we have breaking news on the fiscal cliff negotiations. john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made...
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. >> cenk: steve jobs is the biggest generousbiggest genius in america. >> marijuana on unlike alcohol, is not addictive. people who smoke pot want to smoke pot. they don't have to smoke pot. they just want to smoke pot. there are a continue of people all over the world in amsterdam for instance, it's illegal there, but every citizen in amsterdam does not smoke pot. it's a small percentage who smoke pot legally. >> cenk: we're out of time. on the issue of impairment, barack obama, bill clinton steve jobs none of them seem long-term impaired. on the other hand, sandra, to your point, george w. bush. it was a great conversation. sandra solin and tommy chong. thank you so much. >> i brought a present. >> cenk: theseyou did? >> these are called not a pipe. >> cenk: what do they do? >> you're not supposed to take them off. and you're not supposed to take them out of the string. >> cenk: which you just did. >> and you're not supposed to put the substance in this end. and you're not supposed to light it. >> cenk: then i will not do that after you give it to me. >> it's not a pipe. >> cenk: al
. >> cenk: steve jobs is the biggest generousbiggest genius in america. >> marijuana on unlike alcohol, is not addictive. people who smoke pot want to smoke pot. they don't have to smoke pot. they just want to smoke pot. there are a continue of people all over the world in amsterdam for instance, it's illegal there, but every citizen in amsterdam does not smoke pot. it's a small percentage who smoke pot legally. >> cenk: we're out of time. on the issue of impairment, barack...
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. >> hi, i'm rick steves. >> reporter: rick steves, who for 20 years has hosted his popular public television show, was among those prominent campaigning for legal marijuana. >> i spent a third of my adult life in europe, hanging out with people who think it's whacky to be locking up people for smoking pot. >> reporter: seattle's attorney also pushed for the law. >> all we've done by prohibition is to will fill -- to fill our jails and make drug dealers quite rich. >> reporter: he said legal marijuana, even with high taxes, will be cheaper than illegal marijuana. >> you want to put the drug dealers out of business? >> absolutely. >> now that marijuana is legal in washington, the state is going to start collecting taxes on it. the state hopes to collect some $500 million. marijuana continues to be illegal under federal law. >>> feeling the impact if the country goes over the cliff. republicans are sticking to their position that tax cuts should be extended for all americans. danielle nottingham reports for wjz from washington. >>> lawmakers are getting an earful about why they need to avoid th
. >> hi, i'm rick steves. >> reporter: rick steves, who for 20 years has hosted his popular public television show, was among those prominent campaigning for legal marijuana. >> i spent a third of my adult life in europe, hanging out with people who think it's whacky to be locking up people for smoking pot. >> reporter: seattle's attorney also pushed for the law. >> all we've done by prohibition is to will fill -- to fill our jails and make drug dealers quite rich....
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. >> at this moment does it look like the image of a christmas eve company or steve or do week over the cliff? >> who knows. somebody who thinks they know is only guessing. maybe there's some strategy in the white house that by a certain date a work something out. >> really stop the morning with the papers. we still love the current papers. mr. woodward is assistant managing editor of the "washington post," which says fiscal year earnings yet to face wall street as stock markets are convinced that the fiscal drama is going to work out. the "financial times" has the opposite headline. they say wall street anxiety grows. so which of these is more true? >> on wall street they live in the zone of eternal and i'm peaceful coexistence of optimism and pessimism. you can talk to somebody who's in the investment world on wall street and in the morning and they're optimistic in in the afternoon their pessimistic. so i think probably one, you know, don't know. both papers have great reporters and they're talking to people about that and so forth. if you look, i would go with deposed in the short r
. >> at this moment does it look like the image of a christmas eve company or steve or do week over the cliff? >> who knows. somebody who thinks they know is only guessing. maybe there's some strategy in the white house that by a certain date a work something out. >> really stop the morning with the papers. we still love the current papers. mr. woodward is assistant managing editor of the "washington post," which says fiscal year earnings yet to face wall street as...
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bill says -- and biff -- and steve says -- and finally, jim says -- robert, north carolina, the republican line. caller: after this term of four years with the democrats, i don't think she has a chance. i am a business owner. four more years of this, i will be out of business. host: what kind of business do you have? caller: bulldozer's. host: how has business been over the last couple of years? caller: bad. i am barely staying in business. i do not know what to look forward to. i can hardly stay in business. the democrats in this country i think is wanting to kill us. business people, i cannot stand much more of it. host: robert on the republican line. linda is in texas. caller: i am just thrilled with the idea then. the only thing i would be more thrilled about is obama for a third term. host: but that is not constitutional. caller: a good president with a good philosophy for this country. what the role of government is, he is the right person at the right time to get this country hope and unity once again. that man who just got off the phone does not even realize he is voting against hi
bill says -- and biff -- and steve says -- and finally, jim says -- robert, north carolina, the republican line. caller: after this term of four years with the democrats, i don't think she has a chance. i am a business owner. four more years of this, i will be out of business. host: what kind of business do you have? caller: bulldozer's. host: how has business been over the last couple of years? caller: bad. i am barely staying in business. i do not know what to look forward to. i can hardly...
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our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less go
our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not...
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. >> joining me now is congressman steve israel of new york. chairman of the democratic national campaign committee. welcome. >> hey, carol. >> you heard your colleague from ohio. he says sometimes negotiations between congress and the white house are "charades" and that members are waiting for signals from the obama administration and people like speaker john boehner and majority leader reid before they go forward. do you see it that way? >> well, look, it's critical that the leaders of both parties and the white house, the house and senate come to an agreement fast. now, we have always said on the democratic side, house democrats have said we want deficit reduction that's big, bold and that is balanced. the president has put forth a variety of ideas and programs. the response consistently from house republicans has been, no, no and no. now they did come up with a proposal finally just two days ago. there are elements in that proposal we should talk about. elements in my view that we shouldn't. the bottom line is this. i'm not so sure that we
. >> joining me now is congressman steve israel of new york. chairman of the democratic national campaign committee. welcome. >> hey, carol. >> you heard your colleague from ohio. he says sometimes negotiations between congress and the white house are "charades" and that members are waiting for signals from the obama administration and people like speaker john boehner and majority leader reid before they go forward. do you see it that way? >> well, look, it's...